Thursday, July 28, 2011

EIA: Storage +43 Bcf to 2.714 Tcf

The weekly EIA working gas in storage report showed a 43 Bcf net injection, bringing the total gas in storage in the U.S. to 2.714 Tcf.  The weekly injection was 39% higher than last year (+31 Bcf) but 12% below the five year average (+49 Bcf).  The current storage level is 6.9%, or 201 Bcf, lower than last year and 2.3%, or 65 Bcf, lower than the five year average.

Temperatures last week averaged 78.9 degrees, which was 3.1 degrees warmer than normal, but 0.4 degrees cooler than last year.

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